BEML bags order worth ₹1,888 crore from Integral Coach Factory for 600 LHB coaches

State-owned BEML Limited on Monday (August 11) announced that it has received an order worth approximately ₹1,888 crore from Integral Coach Factory. The contract involves the manufacture, supply, testing and commissioning of complete, fully functional Linke Hofmann Busch (LHB) coaches.First Quarter Results

Also, the company reported a net loss of ₹64 crore, which is marginally higher than the CNBC-TV18 poll of ₹58 crore. The PSU had reported a net loss of ₹70.5 crore during the same quarter last year.

The company was also expected to report a narrower Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) loss during the quarter due to a moderately better operating leverage.
Also Read: BEML secures ₹282-crore defence order for high mobility vehiclesBEML reported an EBITDA loss of 49 crore during the quarter, compared to expectations of a ₹45 crore loss and against a loss of ₹50.1 crore during the same quarter last year.

Revenue for the quarter has remained unchanged at ₹634 crore, while the company was expected to report a 9% growth from last year to ₹689 crore. On a sequential basis, the topline is down over 60%.

Also Read: BEML wins export orders worth $6.23 million from CIS region, Uzbekistan

Shares of BEML Limited ended at ₹3,945.00, up by ₹85.80, or 2.22%, on the BSE.